Transaction Types

A transaction type is used to classify transactions. Examples of transaction types are Purchase Order Receipt, Sales Order Issue, and Inventory Subinventory Transfer. You can define transaction types on the Manage Inventory Transaction Sources and Types page.

Transaction types are combinations of:

  • Transaction sources

  • Transaction actions

Transaction Sources

A transaction source is the type of entity against which a transaction is charged. Along with a transaction action, a transaction source uniquely identifies a transaction type. Examples of transaction sources are Purchase Order, Sales Order, and Inventory.

Transaction Actions

A transaction action is a system-defined type of material movement or cost update. Examples of transaction actions are Receipt into Stores, Issue from Stores, and Subinventory Transfer.